Silver Pegasus Acquisition (NASDAQ:SPEGU) Trading Up 0.6% – Here’s Why

Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU)’s share price was up 0.6% during mid-day trading on Friday . The company traded as high as $10.75 and last traded at $10.4350. Approximately 3,181 shares changed hands during mid-day trading, an increase of 184% from the average daily volume of 1,119 shares. The stock had previously closed at $10.37.

Silver Pegasus Acquisition Stock Performance

The company has a 50 day simple moving average of $10.68 and a 200 day simple moving average of $10.50.

Hedge Funds Weigh In On Silver Pegasus Acquisition

A number of institutional investors have recently added to or reduced their stakes in SPEGU. Clear Street Group Inc. bought a new position in Silver Pegasus Acquisition in the 3rd quarter valued at approximately $84,000. Citadel Advisors LLC bought a new stake in shares of Silver Pegasus Acquisition during the third quarter worth $144,000. BCK Capital Management LP acquired a new position in shares of Silver Pegasus Acquisition during the third quarter worth $526,000. Gabelli Funds LLC bought a new position in shares of Silver Pegasus Acquisition in the 3rd quarter valued at $806,000. Finally, Yakira Capital Management Inc. bought a new position in shares of Silver Pegasus Acquisition in the 3rd quarter valued at $814,000.

About Silver Pegasus Acquisition

Silver Pegasus Acquisition Corporation is a blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Listed on the Nasdaq under the ticker SPEGU, the company raises capital through an initial public offering of units, with the net proceeds held in a trust account until a qualifying business combination is completed.

The company’s management team brings experience in corporate finance, mergers and acquisitions, and strategic advisory services.